​Mortgage Credit Certificate Programs

These programs provide a tax credit to homebuyers thus reducing the amount of Federal income tax the homebuyer pays. Eligibility requirements are detailed in the program features.

The Sacramento Mortgage Credit Certificate (MCC) Program is designed to provide homeownership assistance on home purchases within the cities of Sacramento, Elk Grove, Folsom, Isleton, Galt, Citrus Heights, Rancho Cordova and the County of Sacramento. The MCC reduces the amount of Federal income tax a homebuyer pays, thus giving more available income to qualify for a mortgage loan and to make monthly mortgage payments.

Program Features

- 20% Mortgage Credit Certificate – a tax credit of 20% of the annual mortgage interest paid (amount of the credit cannot be more than the annual federal income tax liability after all other credits and deductions have been taken into account)- MCC will be in effect for the life of the original mortgage loan provided property remains owner occupied- MCC may be reissued one time, upon the first refinance of the original mortgage loan- MCCs may be used with conventional loans, fixed-rate or adjustable loans, FHA and VA loans (MCCs are not available with bond-backed loans such as CHFA or Cal-Vet)- 40 percent of an MCC allocation is reserved for households whose income does not exceed 80 percent of the area median adjusted for family size